FTSE 100 unchanged despite BOE announcement

FTSE 100 unchanged despite BOE announcement

The FTSE 100 remained unchanged at 7,177.44, despite the Bank of England cutting its growth forecasts, predicting GDP growth will rise by just 1.2pc rather than the 1.7pc previously expected.

Brent crude dropped 0.40pc at $62.44, under pressure from data from the US Energy Information Administration that showed an increase in crude stocks.

Sterling slipped below the $1.29 mark against the dollar for the first time in two weeks as the US currency strengthened, which encouraged traders to move to the sidelines ahead of Brexit uncertainty.

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